in the store, threatening margins, and ultimately making shoppers less likely to pay full price. It also offers a lot of the same styles and quality clothing as Old Navy, but for a higher price.
"We are clearly not satisfied with the performance of Gap brand. We know this iconic brand is important to customers, and we are committed to taking the bold and necessary steps to ensure that it delivers value to shareholders," Gap Inc. CEO Art Peck said in the company's earnings release in November.
In late 2018, we shopped at Gap and Old Navy. We saw for ourselves why one store was helping Gap Inc. while the other is hurting it.The first store we went to was Gap, in New York's Financial District. There were two large 50%-off signs in the entryway.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Gap will split into two publicly traded companies, with Old Navy as a stand-alone; stock surgesWho get's custody of Banana Republic?
स्रोत: CNBC - 🏆 12. / 72 और पढो »
Gap is splitting into two companies: Old Navy and everything elseGap Inc. will spin off its better-performing Old Navy brand into a separate public company. Its stock leaped as much as 23%. Is there still a gap? KTLA getzyrosas3 Did you know the Old Navy Outlets design (yes, design) their products for the outlet stores? What’s the definition of outlet to you? oldnavy gap retailers retail insidestory
स्रोत: latimes - 🏆 11. / 82 और पढो »
Gap to spin off Old Navy as stand-alone company, stock skyrockets more than 25%Gap Inc. stock surges in the extended session Thursday after the retailer says it will split itself into two publicly traded companies, one consisting of its Old Navy brand and a yet-to-be-named company with its Gap, Athleta, Banana Republic, Intermix, and Hill City brands, as sales at the flagship Gap brand fell 5% globally in the fourth quarter.
स्रोत: MarketWatch - 🏆 3. / 97 और पढो »
Gap to spin off Old Navy as a stand-alone companyOld Navy’s business model and customer base have diverged from the Gap’s other specialty brands, executive says. Who else had no idea they weren’t stand alone companies
स्रोत: washingtonpost - 🏆 95. / 72 और पढो »